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BMI View: Spain's freight transport sector will experience modest growth in
the coming years as it continues to recover from the devastating impact of the
Following years of contraction across freight modes, there were signs of
recovery in 2014 and into 2015, and we expect volumes to continue on this upward
trend in 2016.
We caution, however, that the freight sector remains overly reliant on export
demand, particularly from Spain's main eurozone partners, many of which are
undergoing weak growth.
Economic growth in Spain will continue to outpace many regional peers in 2016,
with real GDP set to increase by 2.4% from 2.7% in 2015.
Improving consumer spending has underpinned Spain's improved economic growth
While this partially reflects a drop in unemployment, growing consumer
confidence has been mainly driven by cyclical factors.
Real wage growth has only increased due to the collapse in global oil prices,
which has dragged Spain into deflation, boosted real incomes and thus consumers'
propensity to spend.
BMI Industry View
Table: Trade Overview (Spain 2013-2020)
Table: Key Trade Indicators (Spain 2013-2019)
Road Freight Forecast
Table: Road Freight (Spain 2013-2020)
Rail Freight Forecast
Table: Rail Freight (Spain 2013-2020)
Air Freight Forecast
Table: Air Freight (Spain 2013-2020)
Iberia Airlines Cargo
Long-Term Political Outlook
Table: BMI Spain Politics Table
Oil Price Outlook
Europe - Brent On Board For A Bumpy Ride
Table: Spain - Economic Dashboard
Table: Population Headline Indicators (Spain 1990-2025)
Table: Key Population Ratios (Spain 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Spain 1990-2025)
Table: Population By Age Group (Spain 1990-2025)
Table: Population By Age Group % (Spain 1990-2025)
Industry Forecast Methodology